Transition to a Company with an Audit and Supervisory Committee and Strengthening of Board Oversight
First written in FY2023. 3 of 6 entries say "Advanced", first in 2026-05-15. Latest entry: 2026-07-03.
- 2026-07-03AdvancedGovernance
「Board of Directors Non-executive directors 55%」
The disclosure states that a non-executive director chairs the Board of Directors and that independent outside directors account for 55% of the Board, and provides the number of meetings and average attendance rate over the past 5 years. It also includes the operating results of the Audit & Supervisory Committee, providing more specific disclosure on the Board's supervisory function and operations. - FY2026AdvancedAnnual report
「As of the filing date of the Annual Securities Report (17 June 2026), our Board of Directors comprised 11 members: 7 directors excluding directors serving as Audit and Supervisory Committee members, and 4 directors serving as Audit and Supervisory Committee members. We have also increased the proportion of independent outside directors on the Board to more than half and appointed the Chair of the Board, a non-executive director, as its chair, thereby ensuring multifaceted consideration and objectivity and transparency in decision-making by the Board.」
Following the transition to a company with an Audit and Supervisory Committee, the governance structure has been implemented with independent outside directors comprising more than half of the Board, a non-executive director serving as chair, and the Board focusing on strategy and supervision. - FY2023First statedAnnual report
「We have adopted a company with an Audit and Supervisory Committee in order to strengthen the Board of Directors’ strategy formulation and supervisory functions while enhancing the agility of business execution. We transitioned to a company with an Audit and Supervisory Committee in June 2022. While the Board of Directors focuses on strategy formulation and supervision, we have delegated authority for business execution to the President to the fullest extent, seeking to balance management agility with robust governance.」
The governance structure following the June 2022 transition to a company with an Audit and Supervisory Committee has been described for the first full fiscal year, including independent outside directors accounting for more than half of the Board, a non-executive director as chair, and the Board’s emphasis on strategy and supervision.